secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001193125-23-088229
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DSGR to acquire Hisco for $269.1M plus earn-out up to $12.6M
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- Purchase price $269.1M (cash-free, debt-free) plus earn-out based on 2023 gross profit; max earn-out $12.6M if gross profit >= $114.951M.
- Additional $37.5M in retention bonuses for Hisco employees staying 12+ months post-close.
- Transaction not subject to financing condition; DSGR to fund via debt and equity.
- Closing subject to antitrust clearance (HSR) and other customary conditions; termination fee of $15M payable by DSGR in certain circumstances.
- Expected close by Dec 29, 2023, with possible extensions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312523088229/0001193125-23-088229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312523088229/d442506d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-088229

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer